Saab 2015 Annual Report Download - page 41

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SERVICES AND SOLUTIONS
• Ground combat weapons, including NLAW,
AT4, Carl-Gustaf and Bill 2.
• Land-based air defence systems, including RBS
70, RBS 70 NG and BAMSE.
• RBS 15 air-to-surface missile and international
missile programmes such as Meteor, Taurus,
IRIS-T and GLSDB.
• Underwater systems, including remotely
operated and autonomous vehicles as well as
torpedoes and underwater sensors.
• Advanced camouage systems, including
Barracuda MCS, ULCAS and SOTACS.
Products and solutions have been sold to more than
60 countries around the world.
Dynamics includes the following business units:
Ground Combat, Missile Systems, Underwater
Systems and Barracuda. As of 1 January 2016, the
business unit Training and Simulation is included
in the business area as well.
ORDERS RECEIVED
In 2015, FMV ordered the continued development
of the New Lightweight Torpedo plus maintenance
agreements for underwater weapon systems and the
Hydra sonar system. e Finnish Defence Forces
ordered the NLAW anti-tank weapon, and Saab
received the rst orders for the new portable
Carl-Gustaf M4 multi-role weapon system from the
armed forces of the Slovak Republic, among others.
In addition, an order was received from the U.S.
Army for the shoulder-launched AT4 CS RS
(reduced sensitivity) anti-armour weapon.
Orders received with a total value exceeding
MSEK 100 represented 45 per cent (23) of total
order bookings.
Dynamics offers a market-leading product portfolio comprising ground combat
weapons, missile systems, torpedoes, unmanned underwater vehicles and signature
management systems for armed forces as well as niche products for the civil and
defence markets such as underwater vehicles for the offshore industry.
ADMINISTRATION REPORT
BUSINESS AREA DYNAMICS
SALES, INCOME AND MARGIN
Sales rose in 2015 compared to 2014 due to strong
order bookings during the year. During the fourth
quarter 2015, sales and operating margin strength-
ened year-over-year due to increased deliveries and
a change in the product mix. is also led to positive
operating income for the year.
Markets outside Sweden accounted for 81 per
cent (81) of sales.
CASH FLOW
Operational cash ow was negative in 2015 due to
higher activity levels related to upcoming deliveries.
EMPLOYEES
e number of employees rose in 2015 due to
increased order bookings.
Key figures
MSEK 2015 2014
Order bookings 4,261 2,325
Order backlog 4,963 3,915
Sales 3,199 2,974
EBITDA 227 226
EBITDA margin, % 7.1 7.6
Operating income, EBIT 171 165
Operating margin, % 5.3 5.5
Operational cash flow -251 -69
No. of employees (FTE) 1,533 1,461
Share of sales 2015
Order bookings
SEK billion
0
1
2
3
4
5
1514131211
Sales
SEK billion
0
1
2
3
4
5
1514131211
Operating margin
%
0
3
6
9
12
15
1514131211
11%
SAAB ANNUAL REPORT 2015 – 37